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    16393 W State Highway 31 Tyler, TX 75709

    For Sale
    $397,842

    Unimproved Land - Tyler, TX

    Type:Unimproved Land
    Lot size:
    2.54 Acres
    Days on Market:
    121
    Last Refresh:
    Dec 10 at 4:06 am

    Property Features for 16393 W State Highway 31

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    R042392
    Lot size
    2.54 Acres

    Building Details

    Architectural style
    Other

    United Country Lake Palestine (903) 876-1051

    Listing agent Ray Ver Hey (903) 266-2900 License #0498681

    Listing date Aug 12, 2025

    MLS# 20733717 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Cleared Land Ready for Development

    This is a corner parcel with over 426 feet of road frontage on HWY 31 and over 283 feet of frontage on FM 2661. The property is well-elevated and offers easy access and great visibility. Approximately 75% of the 2.537-acre land has been recently mulched and cleared. Located outside of Tyler City Limits, but inside of Tyler ETJ, the property is situated one mile from Toll Road 49, six miles from Tyler, and 11.5 miles from I-20. Over 20,000 cars pass through this intersection daily. It is prime for a new business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Accounting Firm Furniture Store Electrical Service Women's Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tyler
    County
    Smith
    State
    Texas
    Longitude
    -95.442346
    Latitude
    32.319169

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    FAQs

    What type of property is this?
    Commercial land - Corner parcel suitable for business with high traffic and visibility.
    Where is this commercial land located?
    The property is located at 16393 W State Highway 31 Tyler, TX.
    What is the asking price?
    The asking price for this property is $397,842.
    What are key features of this property?
    This property features: - High-traffic corner parcel with over 426' frontage on HWY 31 and 283' frontage on FM 2661, seeing over 20,000 cars daily.; - Prime location for business: just 1 mile from Toll Road 49, 6 miles to Tyler, and 11.5 miles to I-20.; - Approximately 75% of the land has been recently mulched and cleared.
    (903) 266-2900
    Request Owner's contact information
    16393 W State Highway 31 Tyler, TX 75709
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    Tyler, TX 75709
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16393 W State Highway 31 Tyler, TX 75709
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